Crude oil dropped adding to losses after data showed that crude supplies in the U.S. rose by the most since at least 1984.
The U.S. EIA said in its weekly report that crude oil inventories rose by 14.4 million barrels in the week ended October 28.
Total U.S. crude oil inventories stood at 482.6 million barrels as of last week, which the EIA considered to be “historically high levels for this time of year”.
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